Companhia Paranaense de Energia – COPEL (NYSE:ELP) Releases Earnings Results, Misses Expectations By $0.23 EPS

Companhia Paranaense de Energia – COPEL (NYSE:ELP) announced its quarterly earnings results on Friday. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23), Zacks reports. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $657.55 million.

Companhia Paranaense de Energia – COPEL Stock Performance

Shares of NYSE:ELP opened at $6.65 on Friday. The business’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $6.82. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $5.72 and a fifty-two week high of $8.30. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.